Next scheduled update—Enable JavaScript for the update countdown. All analysis remains readable below.
Checking status
Live XAUUSD chart
Loading live chart…
Live chart by TradingView. Prices can differ slightly from your broker and from the spot shown at our last update.
THE PLAN
Today's gold trade setups
No trade today. Waiting and watching.
FROM THE DESK
Latest updates
Times shown in India Standard Time (IST).
Pre-NY Brief
Gold neutral at 4,130 into New York, NFP tomorrow
Pre-NY Brief 5 Nov: gold 4,130.3, range 4,095.4 to 4,167.4. Democrats' near midterm sweep hit the dollar, BoE hiked to 4.00%. Jobless claims 19:00 IST, no tier-1 data, NFP tomorrow. 4,147.4 caps it, 4,113.9 holds the dip.
Gold neutral at 4,125.9, buy zone tagged with no rejection
15:46 IST gold 4,125.9, up 1.61% today. Neutral, no trade. Dip to 4,112.3 tagged the 4,095.4 to 4,113.9 buy zone, no 1H rejection, and a buy still needs a daily close above 4,067.3. 4H timing says wait. Sell zone 4,155.4 to 4,167.4 is next above.
11:40 IST gold 4,114.7. Neutral, no trade. Pullback tagged the 4,095.4 to 4,113.9 buy zone at 4,109.0, no closed 1H rejection yet, and a buy still needs a daily close above 4,067.3. 4H timing says wait. Sell zone 4,155.4 to 4,167.4 untouched.
Gold spikes into 4,095.4 resistance, daily still bearish
Gold Daily Read, Thu 5 Nov
Spot 4,088.8. Daily still bearish, price at 4,095.4 resistance. Timing: 4H not confirmed, wait for the 1H.
Sell on a closed 1H rejection: 4,095.4-4,113.9
Stop 4,126.1
Targets 4,067.3 / 4,038.6
Daily close above 4,067.3 cancels it.
22:19 IST. Gold 4,059.4, neutral. Price pushed into the 4,057.6 to 4,068.9 sell zone, high 4,061.5, but no closed 1H rejection yet. 4H timing: no setup. Holding above 4,068.9 breaks the zone. Buys only on a held pullback to 4,000.0 to 4,008.2. Next: 22:30 1H close.
ISM Services misses at 54.5, gold two-way near 4,035
US ISM Services 54.5 vs 54.8 cons, prior 54.9. Gold 4,037.3 before the print, popped to 4,042.2, sold to 4,029.1, now 4,035.5. Two-way, no follow-through. A 1H close above 4,051.9 or under 4,029.1 decides the next leg.
Gold holds 4,047, both sides still wait for a trigger
19:44 IST gold 4,047.0. Neutral, no trade. 4H closed 4,046.6, high stopped at 4,051.6 under the 4,057.6 sell zone. 4H timing shows no setup. Sell needs a 1H rejection at 4,057.6 to 4,068.9, buy a pullback that holds 4,000.0 to 4,008.2. ISM Services 20:30 IST.
Pre-NY Brief: gold 4,036.2 holds gains as dollar slides after midterms
Pre-NY Brief Wed 4 Nov. Gold 4,036.2, range 4,008.2 to 4,057.6. Democrats sweep Congress, dollar slides. ADP 18:45 IST, ISM Services 20:30 IST. Sell rejection 4,057.6 to 4,068.9, buy pullback must hold 4,000.0 to 4,008.2.
Gold jumps above 4,008.2. Neutral until a pullback holds.
15:40 IST. Gold 4,041.4, neutral, no trade yet. 4H closed above 4,008.2, so a buy now needs a pullback that holds. A sell needs a 1H rejection at 4,057.6 to 4,068.9. 4H timing shows no confirmed trend, 15m says do not chase.
11:41 IST XAUUSD 4,004.4. Neutral, no trade yet. Gold spiked to 4,009.7, but the 1H closed strong with no rejection and the 4H closed under 4,008.2. 4H timing shows no setup. Sell needs a 1H rejection at 4,000.0 to 4,008.2. Buy needs a 4H close above 4,008.2.
Correction: no trade today, both earlier sells removed
Gold Daily Read, Wed 4 Nov (corrected)
Spot 3,947.0. No trade today. Waiting and watching.
Sell trigger: closed 1H rejection at 4,000.0-4,008.2
Buy trigger: 4H close above 4,008.2, then a pullback that holds
The earlier 3,953.9-3,970.9 sell is removed.
Correction to today's Daily Read. The sell at 3,953.9-3,970.9 is removed. That 1H supply has 4 touches and score 57, too tested to qualify. It never triggered. Price is 3,947.0.
22:17 IST XAUUSD 3,930.6. Sells favoured under daily P 3,936.1. Setup 2 sell still waiting at 3,976.6 to 3,990.6 for a closed 1H rejection. 1H rejected 3,971.4 and fell to 3,923.0. Daily timing says wait. Key level next 4 hours: 3,923.0.
US JOLTS beat: 7.523M vs 7.13M cons, quits up too. Gold sold it, 3,944.6 to 3,935.7, after a 3,945.6 high. December hike still priced. A 1H close below 3,930.8 opens 3,909.3. Above 3,953.9 the bounce is back.
Setup 1 closes at breakeven. Setup 2 sell still waiting.
Gold 3,956.5. Bearish on the daily, but the bounce is live. Setup 1 sell closed at breakeven, 3,959.35 hit. Setup 2 sell waits at 3,976.6 to 3,990.6, stop 4,008, needs a 1H rejection. 4H timing OK for sells. Key level 3,999 on a 4H close.
Each setup records a confluence score out of seven. It is a checklist of supporting conditions, not a probability of success. A higher score does not remove risk.
Daily structure: identify the higher-timeframe trend and decision levels.
4H structure: check whether the nearer-term swings support that view.
Wyckoff context: assess the range, accumulation or distribution hypothesis.
Supply, demand and support/resistance: define the area where the idea is tested.
Intermarket context: review relevant dollar, yield and related-market behaviour.
Pivot levels: compare the plan with the day's reference levels.
Clean risk: state an invalidation level and targets before the trade.
A setup can wait, trigger, become at risk, reach a target, stop out or be cancelled. All outcomes belong in the record.